This property looks like a bad Airbnb investment with a projected -11.93% first-year return on $72,138 initial cash invested.
-11.93%
Cash On Cash
3.32%
Cap Rate
0.54
DSCR
$2,452
Rent
-$717
Cashflow
Cash Flow
$2,452 income − $3,169 expenses = $717 out of pocket
Investment Breakdown
|
Purchase Price
$258k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,138
Downpayment
20%
$51,560
Closing costs
1%
$2,578
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,452
Total Expenses
$3,169
Mortgage P&I
54%
$1,332
Property Taxes
23%
$565
Home Insurance
4%
$91
HOA
0%
$4
Property Management
15%
$368
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$613